Corporate Debt Remains Easy Favorite Among Treasurers

News Editor

Companies boosted the share of their cash balances invested in corporate debt in April as concerns about safety are increasingly being trumped by a desire to boost returns on investment.

As of May 1, companies had allocated 33.47% of their cash balances to corporate debt, a 0.76 percentage-point increase over the prior month, according to data from Clearwater Analytics. Clearwater estimates that its data represent 20% of the total U.S. corporate cash assets.

Real estate industry veteran Diane Morefield, EVP and CFO of Strategic Hotels & Resorts, Inc., discusses the challenges she has undertaken throughout her career in both finance and operational roles and her management style. While viewing herself as a “conservative voice” in an industry known for risk-taking, she says it's important to take risks when it comes to building one's career.